Following another day of rising stock prices in the US, Asian and European markets followed suit, focusing more on good earnings prospects and less on geopolitical risks. The Asia Dow was up 0.63%, and the STOXX 600 rose 0.29%. UK shares were relieved that the latest economic data doesn't support additional interest rate increases there, leading that index to zoom up by 1.26%.
Currencies were fairly quiet, with the US dollar index finishing up 0.16% at 89.36. Fixed income securities were mostly lower, pushing yields higher on new thoughts of rising inflation. The 10-year US note lost more than a quarter point, its yield rising to 2.873%.
Precious metals and crude oil had another good day, this time led by silver. It jumped a big 40 cents/oz. to $17.20 on "chart buying" that easily pushed it through resistance between $16.90 and $17. Gold added another $2/oz., platinum another $4. Could they be falling ... Log in or subscribe to continue reading.
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